{"id":612666,"date":"2009-12-21T18:29:00","date_gmt":"2009-12-21T23:29:00","guid":{"rendered":"http:\/\/www.autoblog.com\/2009\/12\/21\/report-ford-offering-all-41-000-uaw-workers-buyout-packages\/"},"modified":"2009-12-21T18:29:00","modified_gmt":"2009-12-21T23:29:00","slug":"report-ford-offering-all-41000-uaw-workers-buyout-packages","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/612666","title":{"rendered":"REPORT: Ford offering all 41,000 UAW workers buyout packages"},"content":{"rendered":"

Filed under: Hirings\/Firings\/Layoffs<\/a>, Ford<\/a>, Earnings\/Financials<\/a>, UAW\/Unions<\/a><\/p>\n

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According to Ford spokesman Mark Truby, “Despite a strengthening in our business, we still have a surplus in employees.” Union employees to be specific. As such, Ford has just announced plans to reduce its unionized workforce by offering a buyout package to all 41,000 UAW members currently employed by the automaker.<\/p>\n

Reuters<\/em> reports that Ford workers with at least one year of experience can take a payout of $50,000 plus a new car voucher worth $25,000 or an additional cash payment of $20,000. Retirement-age workers can opt to take their pensions plus the $25,000 new vehicle voucher or the $20,000 payment. Finally, skilled-trade workers that are eligible for retirement can opt for a $40,000 payout plus their pensions.<\/p>\n

Ford says these efforts are necessary to remain competitive with foreign rivals and fellow American automakers General Motors and Chrysler, both of which recently went through government-sponsored bankruptcy proceedings and extensive reorganization. Earlier this year, Ford’s UAW workers voted down a revised contract<\/a> that would have essentially granted Ford the same measures that unionized auto workers had earlier extended to Chrysler and General Motors.<\/p>\n

Workers who accept the buyout packages would leave sometime during the month of February, 2010. Any new workers hired as replacements will start at $14 per hour under the latest UAW contract, which is half of the current average wage of UAW employees being offered the buyouts.<\/p>\n

[Source: Reuters<\/a> | Image: Bill Pugliano\/Getty]<\/p>\n

REPORT: Ford offering all 41,000 UAW workers buyout packages<\/a> originally appeared on Autoblog<\/a> on Mon, 21 Dec 2009 18:29:00 EST. Please see our terms for use of feeds<\/a>.<\/p>\n

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Read<\/a> | Permalink<\/a> | Email this<\/a> | Comments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Filed under: Hirings\/Firings\/Layoffs, Ford, Earnings\/Financials, UAW\/Unions According to Ford spokesman Mark Truby, “Despite a strengthening in our business, we still have a surplus in employees.” Union employees to be specific. As such, Ford has just announced plans to reduce its unionized workforce by offering a buyout package to all 41,000 UAW members currently employed by […]<\/p>\n","protected":false},"author":365,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-612666","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2znI","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/612666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/365"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=612666"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/612666\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=612666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=612666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=612666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}